Thousands of workers in the construction industry in Ireland have lost their jobs in recent months. There is no slow down in road building etc but there has been a big drop in the numbers working on building houses and apartments. House and apartment sales have more or less come to a halt and developers will not continue building if there are no buyers. If any Polish construction workers were thinking of coming to Ireland to work I would advise them to think twice about it and only come if they have a guarantee of a long term job. I dont think that there are any problems with workers with other skills getting jobs.
i think this issue will prevail in uk and usa.. its related to the 'sub prime' we are eharing about - real estate is the core of a countries economy and uk and usa are powerful economies,, we have had a recovery int he amrkets but the problem is still there, basically there is debt in teh economy that has been passed on from financial institiutions to large banks to the biggest banks - basically someone is still owed moeny. in the uk we had a problem with northern rock and i beleive ireland is coming into this position as uk and us investors are not invesing there..
basically be careful if you are in construction or retail becasue these will be the most affected..
Actually the sub prime problem has had no effect on the Irish property market. The downturn started months before the sub prime problems. In Ireland sub prime lending is very new and would only account for a very small part of the lending market.
yes you are tight, what i meant in regards to ireland is that becaue uk and us are the largest investors then this will have an effect on their economy... the irish are the new rich!
